Annual Cash Payment Sample Clauses

Annual Cash Payment. On an annual basis, any employee with a personal leave balance in excess of eighty (80) hours may elect to receive a cash payment for up to 80 hours at their current hourly rate of pay. Employees must request payment in writing on the designated form each year, and the request must be received by the Human Resources Department no later than November 15th. Human Resources Department will coordinate payment to the affected employees no later than December 10th of each year. (All personal leave payments are subject to regular payroll taxes.)
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Annual Cash Payment. In consideration for his services as a director of the Company, the Company shall pay Director the annual sum of $50,000, during the Term (as defined below) and with such payments to be made in equal quarterly installments.
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Annual Cash Payment. Up to four (4) times each calendar year, during the first pay period of any quarter, an employee may request cash payment at the employee’s hourly base rate of pay for accrued compensatory time. The total amount of accrued compensatory time that an employee may cash out in this manner shall not exceed forty (40) hours in any calendar year.
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Annual Cash Payment. Up to four (4) times each calendar year, during the first pay period of any quarter, an employee may request cash payment at the employee’s hourly base rate of pay for accrued vacation time. The total amount of accrued vacation time that an employee may cash out in this manner shall not exceed forty (40) hours in any calendar year.
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Annual Cash Payment. In consideration for his services as a director of the Company, the Company shall pay Grantee the annual sum of $37,500 during the Term (as defined below), with such payments to be made in equal quarterly installments within 10 business days after the end of each fiscal quarter for the Company.
Sample 1
Annual Cash Payment. A. On an annual basis, a bargaining unit member with a personal leave balance in excess of eighty-four (84) hours may elect to receive a cash payment for the accrued hours in excess of eighty-four (84) hours and up to one hundred forty (140) hours at their current hourly rate of pay. Employees must request payment in writing on the designated form and the request must be received by the Human Resources Department no later than November 8, 2021. The Human Resources Department will coordinate payment to the employee no later than November 19, 2021. (All personal leave payments are subject to regular payroll taxes).
Sample 1
Annual Cash Payment. Up to tour (4) times each calendar year, during the first pay period of any quarter, an employee may request cash payment at the employee's hourly base rate of pay for accrued vacation time. The total amount of accrued vacation time that an employee may cash out in this manner shaU not exceed eighty 80 hours in any calendar year.
Sample 1
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Annual Cash Payment. Annually, the Employer will pay the Employee an amount equal to:
Sample 1
Annual Cash Payment. During the Term, the Company shall pay to the Executive, subject to adjustment as provided in Section 3(f), an annual payment in cash of $800,000, payable on March 15th of each year, subject to the Executive being in the employ of the Company on such date, provided that the payment to be made under this Section 3(b) for 2021 shall be made within 3 business days of the execution of this Agreement.
Sample 1

Related to Annual Cash Payment

  • Cash Payment The Employee shall make cash payments by wire transfer, certified or bank check or personal check, in each case payable to the order of the Company; the Company shall not be required to deliver certificates for Option Shares until the Company has confirmed the receipt of good and available funds in payment of the purchase price thereof.

  • Annual Cash Bonus During the Term, Executive may be eligible to receive an annual cash bonus, on terms and conditions as determined by the Committee in its sole discretion taking into account Company and individual performance objectives.

  • Earnout Payment In addition to the Closing Payment Shares, if Madhouse meets certain performance requirements during a three-year performance period ending December 31, 2022 as set forth on Schedule II (the “Earnout Provisions”), then the Purchaser shall make the one-time payment (the “Earnout Payment”) determined in accordance with the Earnout Provisions, payable to the Seller and the long-term incentive plan (described below). As set forth in more detail in, and subject to, the Earnout Provisions, the Earnout Payment will be made in the form of (a) the Purchaser issuing to the Seller additional Purchaser Common Shares (the “Earnout Payment Shares”) in the amount calculated pursuant to the Earnout Provisions, (b) a cash payment, (c) a subordinated promissory note issued by the Purchaser to the Seller, or (d) a combination of the foregoing payment methods. The Earnout Payment shall be made by the Purchaser within five (5) Business Days after a final determination of payment due to the Seller pursuant to this Section 3.1. The Purchaser hereby covenants and agrees to perform its obligations set forth in the Earnout Provisions and to maintain the highest number of Purchaser Common Shares potentially issuable under the terms of the Earnout Provisions (which number shall not be less than 22,200,000) available for issuance with respect to Earnout Payment Shares without any restriction or limitation thereof, at all times after the Closing until all of the payment obligations set forth in the Earnout Provisions have been satisfied or have expired. The amount of the Earnout Payment (i) is subject to reduction as set forth in the Earnout Provisions and Article VIII and, (ii) as set forth in the Earnout Provisions, has been partially and irrevocably assigned by Seller to fund a long-term incentive plan to be established for the benefit of designated individuals employed by or associated with the Group Company business, in a manner that shall be determined in Seller’s discretion, provided that Seller shall not receive any portion of such assigned Earnout Payment.

  • Cash Payments Merchant may not receive any payments from a Cardholder for charges included in any Transaction resulting from the use of any Card nor receive any payment from a Cardholder to prepare and present a Transaction for the purpose of affecting a deposit to the Cardholder's Card account.

  • Non-Cash Consideration In the case of the offering of securities for a consideration in whole or in part other than cash, including securities acquired in exchange therefor (other than securities by their terms so exchangeable), the consideration other than cash shall be deemed to be the fair value thereof as determined by the Board of Directors; provided, however, that such fair value as determined by the Board of Directors shall not exceed the aggregate market price of the securities being offered as of the date the Board of Directors authorizes the offering of such securities.

  • Earn-Out Payment If, during the period beginning January 1, 2022 and ending on December 31, 2022 (the “Earn-Out Period”), the Group Companies achieve certain Adjusted EBITDA targets as set forth in this Section 2.6.1 (the “Earn-Out Milestone”), then Buyer shall pay, or cause to be paid, to Seller and to the individuals set forth on Schedule 1.2(a) and Schedule 1.2(b) an aggregate amount not to exceed $50,000,000 subject to the proviso in Section 2.6.1(c) (the “Earn-Out Payment”), which shall be payable in accordance with Section 2.6.2. The Earn-Out Payment shall be calculated as follows:

  • Cash Consideration In case of the issuance or sale of additional Shares for cash, the consideration received by the Company therefor shall be deemed to be the amount of cash received by the Company for such Shares (or, if such Shares are offered by the Company for subscription, the subscription price, or, if such Shares are sold to underwriters or dealers for public offering without a subscription offering, the public offering price), without deducting therefrom any compensation or discount paid or allowed to underwriters or dealers or others performing similar services or for any expenses incurred in connection therewith.

  • Minimum Cash Balance Licensee shall fund the Facility Checking Account --------------------- with an initial amount equal to $25,000.00 and thereafter Licensee shall provide the working capital required by Section I(H) of this Agreement

  • Compensatory Time Cash Out All compensatory time must be used by June 30th of each year. If compensatory time balances are not scheduled to be used by the employee by April of each year, the supervisor will contact the employee to review their schedule. The employee’s compensatory time balance will be cashed out every June 30th or when the employee:

  • Distributions Payable in Cash; Redemption Payments In the event that the Board of the Investment Company shall declare a distribution payable in cash, the Investment Company shall deliver to FTIS written notice of such declaration signed on behalf of the Investment Company by an officer thereof, upon which FTIS shall be entitled to rely for all purposes, certifying (i) the amount per share to be distributed, (ii) the record and payment dates for the distribution, and (iii) that all appropriate action has been taken to effect such distribution. Once the amount and validity of any dividend or redemption payments to shareholders have been determined, the Investment Company shall transfer the payment amounts from the Investment Company's accounts to an account or accounts held in the name of FTIS, as paying agent for the shareholders, in accordance with any applicable laws or regulations, and FTIS shall promptly cause payments to be made to the shareholders.

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